This document discusses globalization and its impact on India. It begins by defining globalization and noting how advances in transportation and technology have contributed to increased global integration. It then outlines how globalization has created new opportunities for developing countries like India through greater market access and technology transfer. The document further analyzes India's economic growth and performance since initiating globalization reforms in the 1990s, and discusses both the benefits and challenges of globalization for India. It concludes by stating that while India is progressing rapidly due to globalization, challenges around rural poverty, corruption, and political instability remain.

1. Presented by:
Jinal Kamani(A042)
Tejal Kocharekar (A041)
Arpit Trivedi (A040)

2.  Globalization is the process of international integration arising
from the interchange of world views, products, ideas, and other
aspects of culture.
 Advances in transportation and telecommunications infrastructure,
including the rise of the telegraph and its posterity the Internet, are
major factors in globalization, generating further interdependence of
economic and cultural activities.

4.  Globalization has brought in new opportunities to developing
countries.
 Greater access to developed country markets and technology
transfer hold out promise improved productivity and higher living
standard.
 India’s economic growth has been substantially high and India has
become progress vibrant and nationally competitive.
 This urged to study the performance of India in this fiscal year due
to the initialisation of globalisation

5.  Globalization is the new buzzword that has come to dominate the
world since the nineties of the last century with the end of the cold
war.
 The frontiers of the state with increased reliance on the market
economy and renewed faith in the private capital and resources.
 A process of structural adjustment spurred by the studies and
influences of the World Bank

6.  To understand the meaning of globalization.
 To analyse the Economic performance and growth of India due to
globalization in the current pace.
 To analyse the pleasant and unpleasant side of globalization.
 To analyse the pitfalls of globalization.
 To estimate the future of the Indian economy.

7. Major measures initiated as a part of the liberalization and
globalization strategy in the early nineties included the following:
 Disinvestment
 Devaluation
 Dismantling of The Industrial Licensing Regime
 Allowing Foreign Direct Investment
 Non Resident Indian Scheme
 Throwing Open Industries Reserved For The Public Sector to
Private Participation
 Abolition of the (MRTP) Act
 The removal of quantitative restrictions on imports.
 The reduction of the peak customs tariff

8.  Globalization has been only a one-way process that is foreign
enterprises has found a Favourable way to do business in India
since Independence.
 Foreign companies have invested in India only when the policies of
the GOI have favoured either the market seeking or the efficiency
seeking objectives of the foreign firms.
 The foreign firms have either left India or critiqued India otherwise.
 The foreign companies and the governments of other nations have
to recognize and respect the need for both Globalization of India
and globalization in India in order to ensure that the globalization
process takes off in a balanced and sustained manner.

9. Globalization Liberalization
 Globalization in trade is also
called 'one global market
place' where a consumer .
 Does not have to restrict their
purchases to one
country/economy and can
enjoy the benefits of the goods
and services produced
worldwide.
 Liberalization, though
similar to globalization, is
more focused on the local
economy it generally refers
to the removal of
restrictions; usually
government rules and
Regulations imposed on
social, economic, or political
matters.
 Liberalization maybe trade,
social, economic, or capital
market related.

10. Globalization Liberalization
 Globalization relates to
activities among countries and
results in interdependence and
interaction among countries
and facilitates the movement
of goods and services, capital,
individuals, knowledge,
technology
 Liberalization generally relates
to activity within a certain
country as a result of
modernization and
development.

11.  Multilateral agreements in trade, taking on such new agendas as
environmental and social conditions.
 New multilateral agreements for services ,Intellectual properties,
communications, and more binding on national governments
than any previous agreements.
 Market economic policies spreading around the world, with
greater privatization and liberalization than in earlier decades.
 Growing global markets in services. People can now execute
trade services globally -- from medical advice to software writing
to data processing , that could never really be traded before

12.  As India has a consumer base of 1.14 billion people.
India is the 3rd largest global telecom market. The mobile
subscriber base has grown from 0.3 Million in 1996 to over 250
million currently.
 India is the world’s:
• 2nd largest two-wheeler market,
• 4th largest commercial vehicle market
• 11th largest passenger car market.
 Expected to be the 7th largest automobile market by 2016

13. Access to television grew from 20% of the urban population (1991)
to 90% of the urban population (2009).
Even in the rural areas satellite television has a grown up market.
In the cities Internet facility is everywhere .Extension of internet
facilities even to rural areas.
Global food chain /restaurants has already found a huge market in
the urban areas of India.
Lavish Multiplex movie halls, big shopping malls and high rise
residential are seen in every cities.

14.  Telecommunication and Software Industries are booming in
India.
 Entertainment sector in India has a worldwide market
 Bollywood movies are distributed and accepted worldwide.
Big international companies(Walt Disney,20th Century Fox
, Columbia Pictures) are investing on this sector.
 Famous International brands(Armani, Nike, Omega etc.)are
investing in the Indian market with the changing of fashion
statement of Indians.

15.  Agriculture acquired 17% of India’s GDP in 2008.
 60% of population still depends on agriculture for their livelihood.
 Occupied 43% of India’s geographical areas.
 Agriculture Scientists are applying new technologies and
instruments in growing crops.
 Different state governments of India are taking initiative to literate
the farmers.

16.  Globalization has led to exploitation of labour. Prisoners and child
workers are used to work in inhumane conditions. Safety standards
are ignored to produce cheap goods.
 Job insecurity. Earlier people had stable, permanent jobs. Now
people live in constant dread of losing their jobs to competition.
Increased job competition has led to reduction in wages and
consequently lower standards of living.
 Terrorists have access to sophisticated weapons enhancing their
ability to inflict damage.
 Terrorists use the Internet for communicating among themselves.

17.  Developed nations have outsourced manufacturing and white
collar jobs. That means less jobs for their people
 Companies have set up industries causing pollution in
countries with poor regulation of pollution.
 Fast food chains like McDonalds and KFC are spreading in
the developing world. People are consuming more junk food
from these joints which has an adverse impact on their health.
 Bad aspects of foreign cultures are affecting the local cultures
through TV and the Internet.

18. Deadly diseases like HIV/AIDS are being spread by travellers to
the remotest corners of the globe.
 Local industries are being taken over by foreign
multinationals.
 The increase in prices has reduced the government’s ability to
sustain social welfare schemes in developed countries.
 There is increase in human trafficking.
 Multinational Companies and corporations which were
previously restricted to commercial activities are increasingly
influencing political decisions.

19.  Flowing with globalization ,India is shining in
nearly every precepts.
 India is getting a global recognition and slowly
moving towards to become a major economic and
political strength.
 Though the development is progressing rapidly,
still many basic problems like rural poverty,
corruption and political instability remained
unsolved

20. Thank you!